Create a Counter-Guarantee

Fairways Guarantees enables you to associate counter-guarantees with guarantees.

 

Prerequisite

 

Navigate to the Guarantees Section

Log in to your Fairways Guarantees account, e.g. https://koesio.financeactive.com/login, and navigate to Guarantees.

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Create a Counter-Guarantee
  1. Click the relevant guarantee to open its profile.

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  1. Navigate to Associated Counter-Guarantees.
  2. Click Add Counter-Guarantee.

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  1. Complete the form with all relevant details.

Note: Fields marked with an asterisk * are mandatory.

Field

Description

Principal

Principal name.

Couple Counter-Guarantee End Date with Guarantee End Date

Note: This field is only available for guarantees associated with a nominal expiry date.

  1. Enable the coupling to always match the counter-guarantee end date with the guarantee end date.
  2. Disable the coupling to select a different and independent counter-guarantee end date.

Reference Code

Code referencing the counter-guarantee.

Effective Date

Start date of the counter-guarantee period.

End Date

Notes:

  • This field is only editable if the coupling is disabled.
  • This field is mandatory if the parent guarantee has no nominal expiry date.

End date of the counter-guarantee period.

Currency

Currency of the counter-guarantee amount.

Amount

Amount of the counter-guarantee.

Impact Guaranteed Amount

How the counter-guarantee impacts the guaranteed amount:

  • Yes: The counter-guarantee amount is deducted from the guarantee guaranteed amount.
  • No: No impact.

Impact Financial Fees

How the counter-guarantee impacts the financial fees:

  • Yes: The guarantee financial fees are recomputed.
  • No: No impact.

Description

Additional details about the counter-guarantee.

  1. Click Add Counter-Guarantee.

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The counter-guarantee is associated with the guarantee.

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If the counter-guarantee impacts the guaranteed amount, the counter-guarantee amount (€4 000 000) is deducted from the guaranteed amount (€8 000 000) to compute the adjusted amount (€4 000 000).

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If the counter-guarantee impacts the financial fees, the financial fees are recomputed.

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